Money brokerage firms have been allowed to  enter China's banking market to do business on the inter-bank bond market and inter-bank loan market, China's central bank announced Tuesday.

Brokerage for banks was increasingly needed with the rapid development of inter-bank markets, said sources with the People's Bank of China (PBOC).

Participants in the inter-bank businesses market had expanded from commercial banks to non-bank financial institutions and commercial firms.

Their products and services included inter-bank loans, government borrowing, and commercial bank, financial and company bonds.

Money brokerage firms would provide finance market information and broker deals concerning financial products.

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